CORPORATE | 11.19.2024
MAPFRE increases its solvency ratio to 202.4 percent at the end of September 2024
MAPFRE has informed the General Directorate for Insurance and Pension Funds of the quarterly recalculation of its solvency position, following the Insurance Supervisor’s recommendations based on best practices for Internationally Active Insurance Groups.
The current and previous quarters’ figures are detailed below for comparison purposes:
MAPFRE Group Solvency II ratio stands at 202.4 percent at September 2024. Eligible own funds reached nearly 9.6 billion euros at that date, of which 82.8 percent are of high quality (Tier 1).
The ratio remains highly stable and solid, backed by high diversification and strict investment and ALM policies, and remains within the tolerance range established by MAPFRE S.A.